Philippines’ SM Prime eyes up to PHP 10 billion 2˝-, five-year bonds

By Marisa Wong

Los Angeles, Dec. 21 – SM Prime Holdings Inc. said it plans to offer PHP 5 billion of fixed-rate bonds with an up to PHP 5 billion over-subscription option.

The bonds will have maturities of 2.5 and five years.

The proposed issuance will be the second tranche under the company’s PHP 100 billion three-year bond issuance plan approved by the Philippine Securities and Exchange Commission in February.

The shopping mall and retail operator is based in Pasay City, Philippines.

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